Arbitrum DAO passes $23M extra budget to fund all grant applicants

The Arbitrum DAO has confirmed the disbursement of extra tokens to fund all projects approved on its latest Short-Term Incentive Program (STIP), boosting its budget by $23.4 million.

STIP is a grant program developed by the Arbitrum Foundation and the community to stimulate usage and attract additional liquidity to the Arbitrum blockchain.